Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/61196
Title: Reaching an aim differently? Corporate Social Responsibility Regulation In Australia and India
Contributor(s): Rahim, Mia Mahmudur  (author)orcid ; Sayeed, Mohamad Abu (author)
Publication Date: 2024-06-18
Handle Link: https://hdl.handle.net/1959.11/61196
Abstract: 

Businesses incorporate corporate social responsibility principles mainly through voluntary and mandatory approaches. Advocates of the voluntary approach believe that companies can use charitable initiatives as a management tool to meet social and environmental expectations and that mandating Corporate Social Responsibility ("CSR") would not encourage companies to prioritize anything beyond profits. Opponents argue that without legal requirements to drive social responsibility, relying on companies to self-regulate would not effectively integrate social values into corporate behaviors. Instead, they suggest that legal regulation of CSR can offer a more effective strategy. This Article examines the limitations of these two approaches by analyzing Australia, which represents the model of voluntary CSR, and India, which serves as an example of mandatory CSR. Evaluating these two approaches in CSR regulation framework, this Article argues that CSR should not be defined exclusively by the differences between voluntary and mandatory approaches in CSR regulation, nor should the separation between the two be absolute.

Publication Type: Journal Article
Source of Publication: Cardozo International and Comparative Law Review, 7(3), p. 821-865
Publisher: Jacob Burns Institute for Advanced Legal Studies
Place of Publication: United States of America
Fields of Research (FoR) 2020: 480101 Banking, finance and securities law
480102 Commercial law
480103 Corporations and associations law
Socio-Economic Objective (SEO) 2020: 239999 Other law, politics and community services not elsewhere classified
230499 Justice and the law not elsewhere classified
230406 Legal processes
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Publisher/associated links: https://cardozo.yu.edu/cardozo-international-comparative-law-review
https://www.cardozociclr.com/_files/ugd/bc0e09_21f9ccad48e644dab171cb35c15fb35a.pdf
Appears in Collections:Journal Article
School of Law

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